Soy Wave Analysis – 4 September, 2020
September 04, 2020 @ 16:27 +03:00
• Soy broke resistance level 960,00
• Likely to rise to 990,00
Soy recently broke above the powerful resistance level 960,00 – which started the sharp downtrend at the beginning of 2020, as can be seen below.
The breakout of the resistance level 960,00 accelerated the active impulse wave (c) – which is part of the extended upward impulse sequence C from the start of August.
Soy is likely to rise further toward the next resistance level 990,00 (target price for the completion of the active impulse wave C).